Amid a flurry of bad news about healthcare's progress in transitioning to value-based care, a new report finds an alliance of providers, payers and patients is well on its way to its goal of putting 75 percent of its members in value-based care arrangements by the end of the decade.
The Health Care Transformation Task Force, which includes major providers such as Dignity Health, and Partners HealthCare, announced more than 40 percent of payer and provider members had entered value-based payment arrangements as of the end of last year, based on a survey of 23 of 27 provider members. The proportion of provider members in such arrangements was slightly higher, at 42 percent compared to payer members' 38 percent. At the end of 2013, the number was only 30 percent.
The Task Force defines a value-based payment arrangement as any which provides incentives and holds providers responsible for meeting the Triple Aim goals of lower costs, improved patient experience and better outcomes, be it throughout the patient population over a year or as part of a single episode of care encompassing multiple care sites.
"This substantial progress toward our goal demonstrates the Task Force members' commitment to accelerating the transformation to a value-based payment models that improve care and lower costs," Task Force Executive Director Jeff Micklos said in a statement. "While much work remains, Task Force members have built momentum over the past year that sets a positive tone as they move toward the goal of 75 percent in Triple Aim-based, value-based care arrangements by 2020."
To learn more:
- read the survey announcement